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FXCM vs MB Trading
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FXCM vs MB Trading

  #11 (permalink)
Elite Member
London, UK
 
Futures Experience: Intermediate
Platform: Ninjatrader, Motivewave, tradestation and metatrader
Favorite Futures: eur/usd, Oil, ES
 
Posts: 16 since Sep 2011
Thanks: 3 given, 12 received

go with futures

If you are day trading then it is wise to go for futures unless if you have a big account where you can get very good deals on fills and spread from some brokers. I think even FXCM is doing such a deal but the account has to be bigger than 30k i think. I have recently opened an account with FXCM with their RAW spread deal which has been ok so far. will keep you posted. I also have accounts with Dukascopy, Alpari UK, FXopen and Interactive brokers for futures.
spot forex best for swing and long term trading IMO.

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  #12 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
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Lornz View Post
...I am just found of the concept of a centralized exchange, and true price discovery mechanisms...


Lornz, what do you mean by 'true price discovery mechanisms'? Never heard that expression before.

@BigMike, i use Oanda as a secondary broker and i like them very much. Very flexible and simple platform. Can be used with the most basic computer. Spreads are good during normal trading conditions. In many cases, the charts are cleaner than what i get with Ninja and Zen-Fire for the same currencies (EUR/USD vs 6E). The big disadvantage i see with MBtrading is that they are not regulated in Canada so it's impossible to open an account with them.


Last edited by trendisyourfriend; September 5th, 2011 at 01:16 PM.
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  #13 (permalink)
Blockchain Enthusiast
Perlis, Malaysia
 
Futures Experience: Beginner
Platform: TradingView
Broker/Data: Bitmex
Favorite Futures: Bitcoin
 
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yusaf View Post
If you are day trading then it is wise to go for futures unless if you have a big account where you can get very good deals on fills and spread from some brokers. I think even FXCM is doing such a deal but the account has to be bigger than 30k i think. I have recently opened an account with FXCM with their RAW spread deal which has been ok so far. will keep you posted. I also have accounts with Dukascopy, Alpari UK, FXopen and Interactive brokers for futures.
spot forex best for swing and long term trading IMO.

Fxopen? Are they legit/regulated?

Sent from my HTC Desire using Tapatalk

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  #14 (permalink)
Elite Member
London, UK
 
Futures Experience: Intermediate
Platform: Ninjatrader, Motivewave, tradestation and metatrader
Favorite Futures: eur/usd, Oil, ES
 
Posts: 16 since Sep 2011
Thanks: 3 given, 12 received

Fxopen

I have used them for a while. I did not have enough trades and time with them to really give you a proper suggestions. I did not have any issues whole I was with them and the spreads are quite competitive.

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  #15 (permalink)
Site Administrator
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Futures Experience: Advanced
Platform: My own custom solution
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yusaf View Post
I have used them for a while. I did not have enough trades and time with them to really give you a proper suggestions. I did not have any issues whole I was with them and the spreads are quite competitive.

Who? MB Trading or FXCM?

Mike

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  #16 (permalink)
Membership Revoked
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trendisyourfriend View Post
Lornz, what do you mean by 'true price discovery mechanisms'? Never heard that expression before.
.

It seems some of my synapses might have been incapacitated at the time; I meant to say "fond of".

Price discovery - Wikipedia, the free encyclopedia vs. just getting a quote from your broker, which incidentally also takes the other side of your trades. This in itself is not a problem, there has to be someone on the other side of your trades. The problem arises when the broker keeps the positive slippage and gives the negative to you. Over time that can amount to a lot of money...

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  #17 (permalink)
Elite Member
London, UK
 
Futures Experience: Intermediate
Platform: Ninjatrader, Motivewave, tradestation and metatrader
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fxopen


Big Mike View Post
Who? MB Trading or FXCM?

Mike

sorry my reply was to seveneightsix. i was talking about fxopen.

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